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ny post, april 11 2010 "Tycoon's tyrant ties threaten Nets deal" A New Jersey congressman says he will demand a government inquiry into Mikhail Prokhorov, the Russian billionaire poised to buy the New Jersey Nets, for his extensive business dealings in Zimbabwe -- a bombshell that could blow up the $200 million team deal and threaten the future of Brooklyn's Atlantic Yards, The Post has learned. oh, but there's so much more... http://www.nypost.com/p/news/local/tycoon_tyrant_ties_threaten_nets_WI0wPn68s7VtpRtahUROnO
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Democratic Rep. Bill Pascrell Jr., a member of the powerful Ways and Means Committee, wants to know if companies controlled by Prokhorov in Zimbabwe violate federal rules that forbid American citizens and companies, and subsidiaries set up in the United States, from doing business with brutal strongman Robert Mugabe, his regime or associates.
(bold emphasis above is mine) You know, it is entirely possible that the US office of the Moscow-based company in question has nothing to do with any business transacted with members of Mugabe's gov't. Upon reading the above, it would seem to render all of this a non-issue, if no US-based company or US-based subsidiary is transacting business against sanction mandates. Just sayin'...i extend my battery life by turning down the brightness -
now is the time to use our designated prayer station
[edited in foreboding disbelief]destination: roam -
I understand that there will be a hearing this morning at 9:30 at the Kings County Supreme Court open to anyone who would like to express his or her thoughts on this matter.femmedada
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Superb work, Karl. I'm sure that you were trained in the country's most elite art schools. I doubt that anyone else could have brought such a poignant and creative representation of the AY debate to realization. You continue to awe me with your talent and vision. And, most importantly, your art and advocacy continue to cause major roadblocks for Ratner. Thank God that Daniel Goldstein is planning to hold out until the wrecking ball arrives. Otherwise, the arena just might get built. Keep up the fight, big man. Your efforts are truly making a difference!
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oh jack, my number one fan ole brucey boy just might buy your home for millions but you would have to actually struggle against something firstdestination: roam
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Represented by new owner Mikhail Prokhorov, the Nets had a 25 percent chance of winning after going 12-70.
Favored Nets fall to third in lottery http://sports.espn.go.com/nba/draft2010/news/story?id=5199693 They drew 3rd pick, behind DC and Philly. Way to end a perfectly abysmal season. With the 3rd pick, there's no way they get John Wall to help turn around the team. The whole hope was to get top pick John Wall, then throw down serious money to land LeBron James and John Calipari to be off on a rocket and turn this thing around. Well, it appears that Prokhorov is now gonna have to buy everyone in DC, Philly and the James household new Bentleys in order to assemble all the gems of the crown at this point. Should make for a hilarious summer.i extend my battery life by turning down the brightness -
Karl the Druid » oh jack, my number one fan ole brucey boy just might buy your home for millions but you would have to actually struggle against something first
No, Ratner isn't interested in Crown Heights property. At least for now. -
affirmative that arena is really coming alongdestination: roam
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In order to raise additional funds to acquire LeBron and Co. the following will be sold at auction at Sotheby's: "The Nyetfast Table", by the ghost of John Singer Sargent (exhumed and resurrected thanks to a generous grant from Barclays)
i extend my battery life by turning down the brightness -
damn, that place is going to have to book Sesame Street on Ice every night.For better or worse, the change on Nostrand is going to make the change on Franklin look minor.
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Word has it that they are on track for a 2012 opening, and already selling tickets to events.
http://brooklyn.ny1.com/content/top_stories/136583/brooklyn-arena-on-track-for-2012-opening
A year after breaking ground, the Barclays Center is taking shape -- from what's to become center court to the top of the roof.
"We've gotten 70 percent of the foundation is in. We finished the mass excavation. We have steel circulating around more than half of the site," said Linda Chiarelli of Forest City Ratner Companies.
Nets CEO Brett Yormark gave NY1 a tour of the site. He says the construction is right on track for a 2012 opening when the Nets, for the first time, will play in Brooklyn.
"They've been underserved in the area of sports and entertainment for years. Since the dodgers left in 1957. We're the home team. We're coming back. And we're giving them something to root for," said Nets CEO Brett Yormark.
When completed, nine subways lines and the LIRR will come to the foot of the building in a pedestrian plaza. Inside, there will be 18,000 seats for basketball games and 19,000 for concerts. Barclays Center will also feature boxing matches among its many already scheduled events.
"We're bringing the circus here and Disney on Ice. We have a college franchise we're developing with IMG College for lots of great college sports with basketball and hockey," Yormark said.
Tickets for Brooklyn's inaugural season went on sale this week, offered first to current Nets season ticket holders. Tickets for the general public are expected to go on sale this fall.
Yormark says he expects the place to sell out, particularly when the Nets take on the Knicks.
"We want a great rivalry," said Yormark. "We think when we play the Knicks at the Garden or when they come here to the Barclays Center we want those nights to be some of the biggest nights in New York and in Brooklyn."
The arena's facade is scheduled to go up this summer. And the roof should be done by the end of the fall.
For better or worse, the change on Nostrand is going to make the change on Franklin look minor. -
there were clowns and elephants and dancing bears
and a beautiful lady in pink tights flew high above our heads
and as I sat there watching the marvelous spectacle
I had the feeling that something was missing
[chorus]
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Chorus:
Welcome my son, welcome to the machine.
Where have you been?
It's alright we know where you've been.
You've been in the pipeline, filling in time,
Provided with toys and 'Scouting for Boys'.
You bought a guitar to punish your ma,
And you didn't like school, and you
know you're nobody's fool,
So welcome to the machine.Welcome my son, welcome to the machine.
What did you dream?
It's alright we told you what to dream.
You dreamed of a big star,
He played a mean guitar,
He always ate in the Steak Bar.
He loved to drive in his Jaguar.
So welcome to the Machine.For better or worse, the change on Nostrand is going to make the change on Franklin look minor. -
^^ nice.
"Here's a little tip I would like to relate: Many fish bites if you got good bait." -
http://gothamist.com/2011/04/04/worst_case_atlantic_yards_could_jus.php
As Predicted, Atlantic Yards Could Just Be Stadium, Parking
After all of that fighting, the never ending Atlantic Yards project could now end up just being a nondescript stadium and acres of parking. The project's developer, Forest City Ratner, filed documents with the SEC last week that warn of "further delays" to the non-stadium portions of the project that could lead to the scrapping of most or all of the rest of the 22-acre, $4.9 billion project. But hey, at least the city got rid of all that urban blight!
Basically the same cash flow issues (rising construction costs, rising financing rates, inability to meet government deadlines, trouble with sponsorships) that have caused Ratner to start looking into prefab construction may in the end entirely kill the project. Here is how the company's filing describes the situation if any any of those problems get worse:
If any of the foregoing risks were to occur we may: (i) not be able to develop Brooklyn Atlantic Yards to the extent intended or at all resulting in a potential write-off of our investment, (ii) be required to pay the City and/or State of New York liquidated damages for failure to meet certain agreed upon project deadlines, and (iii) be in default of our non-recourse mortgages on the project. The exposure to loss on this investment is approximately $525 million, excluding any potential write-offs for the arena or any liquidated damages described in (ii) of this paragraph, and could have a significant, material adverse effect on our business, cash flows and results of operations. Even if we were able to continue with the development, or a portion thereof, we would likely not be able to do so as quickly as originally planned, would be likely to incur additional costs and may need to write-off a portion of the development.
And the Yards project isn't the only troublesome spot for the developer. It's also having a lot of trouble filling out its new Ridge Hill Mall in Yonkers. And though renters are picking up spots in the developer's downtown Gehry tower, they could still be going faster. And then there is the New York Times Building. According to the developer's filings the nonrecourse mortgages on the Times Building, the Gehry tower, and the mall "have outstanding balances of $640,000,000, $635,000,000 and $379,363,000, respectively."The company did have one bright spot last year, however. Thanks to the finally finalized sale of a majority interest in the Nets to Russian billionaire Mikhail Prokhorov, Forest City had "record" earnings.
Spend a buck, light a number for one the 400,000 victims in Darfur: darfurwall.org -
Karl- I believe it is time for some more art work.
For better or worse, the change on Nostrand is going to make the change on Franklin look minor. -
and now a word from our sponsor
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and now for more current ay arena news
with eye witness commentator
jack "i-have-a-masters" krohn
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The NYT seems to agree: Anyone who thought this project would create affordable housing and jobs is a sucker.
http://www.nytimes.com/2011/07/19/nyregion/atlantic-yards-arena-begins-taking-shape.html?_r=1
The following day, Ratner counters the article by stating "it will be pretty"
http://www.brownstoner.com/blog/2011/07/new-interior-renderings-of-barclays-center/#more-61967
For better or worse, the change on Nostrand is going to make the change on Franklin look minor. -
This makes me sad... and I just rent.
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Justice Marcy Friedman should order an immediate halt to all work on the Arena and A-Y until we find out once and for all what's causing these INFERNAL DELAYS!
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A project condoned by both Marty AND Bloomy, what could be better!?
Spend a buck, light a number for one the 400,000 victims in Darfur: darfurwall.org -
after all, we have bruce ratner's word: "suckers."
this bertha's best 
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